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Dec 10, 10:59AM
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Russia's government is looking to reform intellectual property law in the country, a move that could have an effect on how many patents get registered, and on the number of startups in a country known for its star engineers, but less so for business people who can execute on those ideas.
Dec 10, 10:56AM
Zopa, the oldest of P2P lending sites, certainly in the UK, has announced that it's raised a new "multi-million pound" round led by Augmentum Capital, the VC fund backed by RIT Capital. That the company isn't being more specific with the figure, however, suggests that it may not have reached the heights of its previous C Round, which CrunchBase
pegs at $12.9m. It also comes at a time when the UK government appears to taking an interest in the P2P lending sector, with regulation under serious consideration.
Dec 10, 10:44AM
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U.K.-based IT software and services provider, Advanced Computer Software Group (ACSG) -- which has clients in both public and private sectors -- has announced it's acquiring education software provider Serco Learning for £7.25 million ($11.6 million) in cash, £6.25 million of which is payable to Serco Group and £1 million to iGate for the novation of a material services contract.
Dec 10, 9:03AM
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Barnes & Noble's Nook HD and Nook HD+ tablets went on sale in the UK towards the end of last month -- without an on-board video service. That has been added today, with the tablet maker expanding its licensing partnerships -- including with BBC Worldwide, HBO, NBCUniversal, Sony Pictures Home Entertainment, STARZ, and Warner Bros -- to offer the Nook Video service in the U.K.
Dec 10, 8:14AM
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Imagination Technologies has upped its previous offer to acquire chip designer MIPS Technologies' operating business and a swathe of patents relating to the MIPS architecture, along with royalty-free licensing rights for other patents -- from the $60m offered last month to $80m now. Its earlier bid hit a snag when rival semiconductor group CEVA tabled an "unsolicited" $75 million cash offer.
Dec 10, 6:48AM
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Police in Victoria
have urged motorists to avoid the use of Apple Maps, warning that faulty directions on the much-criticized app has left motorists stranded in the Australian outback for up to 24 hours without food or water.
Dec 10, 6:34AM
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Tune in for the second day of the
live stream from
TechCrunch Moscow, our third annual event in the Russian capital.
Yesterday was Demo Day, where we will see 44 companies pitched in one afternoon. Today features a conference featuring
speakers both from the Russian and international markets.
Dec 10, 5:00AM
MoMinis, an Android game publisher headquartered in Tel Aviv, has raised $6 million in new funding. In addition to providing free development tools and financing development for some premium partners, MoMinis also runs PlayScape, a virtual environment where gamers can check out different titles and developers can promote their games. The company says it currently reaches 35 million users, including 5.5 million actives and 1 million daily actives, with 100 MoMinis games planned and in development.
Dec 10, 3:15AM
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Samsung
has unveiled its "Premium Suite Upgrade" for the Galaxy S III, as
promised in a teaser last Friday. The update
includes the highly anticipated Multi-Window feature, which is already available on Galaxy Note devices and allows users to run two apps in separate windows at the same time. But that's probably the most exciting thing about the changelog.
Dec 10, 2:42AM
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Amidst all the argument about "brogrammer" culture and the presence of women in Silicon Valley, here's a company that's actively working to change things, albeit on a small scale (for now) —
Hackbright Academy, which describes itself as "a 10 week training program designed to help women become awesome programmers." The academy just graduated its 16-person second class (that's a photo of graduation day to the left). Graduation comes shortly after career day, so it's probably too early to talk about how many of the recent graduates actually get jobs, but co-founder David J. Phillips (who also co-founded location startup
Banjo) shared some earlier data. Eight out of 12 students in Hackbright's first class, were looking for immediate employment, he said, and all eight of them got offers, from companies like New Relic, Survey Monkey, Cisco, and Bump.
Dec 10, 2:42AM
Yahoo! Sports and
NBC Sports Group just announced a content alliance that will cover news, fantasy and video coverage of sports events. In a press release, the two said that the deal will combine "Yahoo! Sports' original reporting expertise, coverage of big events, Rivals' college content and popular fantasy sports products with NBC Sports Group's growing digital assets, and significant television promotion and integration."
Dec 10, 12:01AM
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I don't normally expect much to come out of Spike TV's annual Video Game Awards, but
Kotaku managed to score a gem of an interview with Valve co-founder and managing director Gabe Newell earlier this weekend. In his brief exchange, Newell said he expected to see several PC makers crafting Steam-centric gaming PCs for the living room in 2013, and that their products would rival the next generation Xbox and PlayStation.
Dec 09, 11:00PM
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The sharing economy is booming, as companies like Airbnb, Getaround, and Lyft are disrupting incumbent industries. But by using technology to create new services, these companies don't fit neatly into the regulatory framework in those industries. New York University Stern School of Business professor Arun Sundararajan believes regulators should evolve to deal with these new businesses.
Dec 09, 10:52PM
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It's Rumor Sunday!® again here at TechCrunch. We have been hearing a recurring report, from a couple of different sources, that Apple has been interested in buying Snapguide -- the web and mobile app that lets people create and share do-it-yourself guides for things like crafty holiday gifts, cooking, and teaching your dog to play the piano. Before we go any further with the details, we should let you know that Daniel Raffel, the co-founder of Snapguide, has been very clear that the startup, which has to date raised $7 million from a mix of VCs and angel investors including Index Ventures, Atlas Venture, CrunchFund, SV Angel and Dave Morin, is not engaged in any formal negotiations with Apple.
Dec 09, 10:00PM
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The event world is getting really stale while at the same point showing a new spring of innovation that in many respects mirror the enterprise and its own paradox of sluggishness and fresh perspectives. The big trade events and user conferences do have their merit.
Dec 09, 9:57PM
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615,000 people have cast their ballot in Facebook's vote over site governance and policy changes, and 87% want to stop them. But unless 299.4 million more people vote by tomorrow morning, Facebook users will lose the ability to vote on future changes, and their data will be intermingled with Instagram. Enough votes won't be cast, so Facebook's experiment with "democracy" will be coming to a close.
Dec 09, 9:00PM
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Alexandra Wilkis Wilson walked into famed celebrity designer Zac Posen's showroom in November 2007 prepared to give the pitch of her life. The Gilt co-founder was attempting to sell Posen and his team on putting some of the designer's excess inventory on the yet-to-be-launched flash sales e-commerce platform. At the time, the flash sales industry was nascent, so many, including the fashion industry, had no idea what a flash sale was.
Dec 09, 9:00PM
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The Samsung Galaxy Beam is an Android powered smartphone that has a pico projector embedded into its top edge so you can beam on-screen content onto a wall or other large surface. As well as projecting video and photo content, the projector feature can be used for giving presentations or to beam out decorative projections set to music to create a fun, party atmosphere.
Dec 09, 7:56PM
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We're seeing
chatter on
Twitter that Instagram photos are not showing up in Twitter streams anymore. This is obviously interesting considering Instagram's
recent moves to remove support for Twitter cards last week. We've reached out to both Facebook and Twitter for confirmation.
Dec 09, 7:31PM
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There is more than a bit of schadenfreude among longtime insiders in the gaming industry at Zynga’s performance over the last year. The company has fallen from a private, pre-IPO valuation of around $14 billion to just $2 billion over the past year as it failed to maintain growth on the Facebook platform and didn’t transition quickly enough to compensate on Android and iOS. At a $2 billion market cap, Zynga isn’t worth that much more than the $1.6 billion in cash and marketable securities it had at the end of the last quarter. But now that shares are up more than 10 percent since Zynga acknowledged that it is taking steps toward real-money gaming in the U.S., the company faces an interesting question about its identity in the long-term. Will it be a gaming company, or a gambling company? Zynga has a number of growth opportunities — on mobile platforms, its own destination site and in real-money gaming. But Zynga’s efforts at building its own platform have had mixed results over several years and mobile platforms haven’t lent themselves to a winner-take-all environment so far (and this applies to everyone). So Zynga’s shares are acutely sensitive to any real-money gaming possibilities. They rose 7 percent the day after Zynga said it was making steps toward applying for a gambling license in Nevada, and they fell by 5 percent back in June when Zynga’s vice president and Zynga Casino general manager Jesse Janosov didn’t mention tangible progress on the gambling front at a big press event. Like every newly public company, Zynga faces the question about how much it is willing to succumb to the short-term profit pressures of the public markets. And it will probably give in. Zynga has always been more of a mercenary company than a missionary company. Many of its earliest employees didn’t have histories in the gaming world, and in many ways, that allowed them move quickly and not be too attached to any of the industry’s long-term notions of what a game should or ought to be. Even though we’re sometimes critical of the company, Zynga has done a lot to influence the direction of the industry in popularizing the freemium business model that has long been accepted in Japan, China and South Korea. It pioneered an aggressive metrics-driven approach to gaming. It pushed many older companies to move quickly from treating games as a consumer product you
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